Archive: July 2021

12 storeez

Baring Vostok buys shares in Russian fashion brand

Baring Vostok, an investment firm having shares in the Russian low-priced Familia chain, has purchased a 12% stake in women’s clothing brand 12 Storeez.

Read full post

Investment fund acquires controlling stake in Latvian glass fibre producer

The Preiss-Daimler Group has sold a majority share of Latvian glass fibre producer Valmieras Stikla Šķiedra (Valmiera Glass) for €11m to Luxembourg-based Duke I, a...

Read full post
solidarity center 1

Solidarity Center to support Cambodian garment workers

Cambodia’s Ministry of Labour and Vocational Training has signed an agreement with the US-based Solidarity Center, which will focus on protecting workers’ rights in sectors...

Read full post

Investment in Armenian home textiles manufacturer

International investment fund Gazelle Finance has invested in Armenian high-end home textiles manufacturer Sonati, which is opening stores in countries such as the US and...

Read full post
IMG 2021g

Russian nonwovens producer to expand range

Hexa-Nonwovens, one of Russia’s largest producers of spunbond nonwovens, is planning to increase output and expand its range of products.

Read full post

Wool yarns hand-dyed in Bulgaria

The Five Yarns brand was created by Daria Gutnik in 2016 to sell hand-dyed knitting yarns in various combinations, with an online store on the...

Read full post
20191014161117 webbbaner

Malaysian clothing makers report losses as Covid-19 shuts operations

The Federation of Malaysian Fashion, Textiles and Apparel said the industry had incurred an estimated MYR163m (US$39m) loss a day in 2020 as operations were...

Read full post

Fashion brands fail to address pandemic-era wage ‘theft’ in Cambodia

Cambodian clothing workers producing goods for international fashion and sportswear brands, such as Adidas, VF, Target, Nike and Gap, were deprived of an estimated US$109m...

Read full post
teijin 1

Teijin establishes carbon fibre product operations in Vietnam

Teijin Carbon Vietnam (TCV) has started operating commercially to manufacture carbon fibre products, including prepreg, a fibre sheet pre-impregnated with matrix resin as an intermediate...

Read full post

Ukrainian entrepreneurs raise US$2m for start-up selling digital clothing

Ukrainian entrepreneurs Daria Shapovalova and Natalia Modenova have raised US$2m from US investors to finance a fashion-tech start-up.

Read full post